Business Gas: Make Sure You Get the Best Deal
If your business relies on gas to stay operational, you need to make sure that you find the best deal possible. Running a business takes up a lot of your time and drains your energy. That’s why so many people owners fail to look for a better deal than the one they already have. This just ends in you wasting money when you really don’t need to.
It’s so easy to take back control and choose an gas deal that is right for your business. It could save you a lot of money over the course of the next few years. To help you out, we’ve produced a guide which will help you to find a new business gas deal that’s better suited to your needs.
Business Gas Costs
Just like a with commercial plans, the price of your business gas tariff is made up of two elements: the unit cost and a standing charge.
The unit cost is the main cost that business pay for use of gas. It’s a type of cost that arrives in kWh. It’s common to pay between 3.5 and 4 pence per kWh. If you are asked to pay more than that, you should wonder why. It’s probably the case that you are being overcharged by the company.
The standing charge refers to the amount of money that you pay to cover the charges of keeping the grid in order and maintained. It’s not a price that anyone really wants to pay, but you will end up paying between 20 and 4o pence per day. Any more than that is too much.
Fixed Rate Fixed Term Tariffs
Tt’s important to know that there are different types of tariffs and contracts out there when it comes to buying business gas. You need to take these into account before you decide which deal is best for your company.
First we’ve got fixed term deals.
Fixed-term contracts are among the most common you’ll find when you’re looking for business gas. As the name suggests, the price you pay for the units you use is pre-agreed. This offers your business some security because you will know what you have to pay each month, and unexpected changes won’t hit you. You are tied to this deal, though, which can sometimes be bad for consumers.
Deemed Rate Tariffs
Deemed rate tariffs can also apply when you fail to renew your contract or arrange a new one after the previous one ends. These still demand you pay more than usual. But they can be escaped from pretty quickly if you give notice.
Things to Look Out For
You could get cashback, vouchers, reward cards, and other incentives depending on who you choose to go with. You shouldn’t go on the perks alone, but this can help you to make a decision.
There is much more to think about beyond the price differences that different suppliers have. It’s all too tempting to just take the cheapest deal that you can find. But that doesn’t mean that you should just take the easy option. That would be a mistake that you could live to regret.
Each supplier has their own benefits and drawbacks. Make sure you read our guide, which outlines these. That way, you can know what you’re getting into before you go any further. That has to be a good thing. The more knowledge you have and the deeper your understanding of each company is, the better placed you’ll be to get the right outcomes.